It’s a well-known fact that interest rates on savings accounts are incredibly low. In fact, the average savings account is hovering around 0.10%.1 That’s such a far cry from pre-crisis times, it’s shocking.
At rates that low one might ask, “Why even have a savings account? Why don’t I just place my hard-earned money under the mattress?” We can’t blame you. However, if you did that you’d be leaving money on the table (or under the mattress). There are much better options out there; savings account options that earn twenty times the average rate of 0.10%.
We’ve looked high and low to find some of the best accounts. You’d be in great shape if you had any of these accounts, but after some thorough analysis and comparison, one of them stands above the rest.